Jubilee Metals Group (LON:JLP) Stock Passes Below 200 Day Moving Average – Time to Sell?

Jubilee Metals Group PLC (LON:JLP) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3.07 and traded as low as GBX 2.40. Jubilee Metals Group shares last traded at GBX 2.50, with a volume of 2,683,181 shares trading hands.

Jubilee Metals Group Stock Performance

The company has a market cap of £81.42 million, a P/E ratio of -1.79 and a beta of 1.14. The firm has a 50 day moving average price of GBX 2.54 and a 200-day moving average price of GBX 3.06. The company has a debt-to-equity ratio of 10.41, a quick ratio of 1.15 and a current ratio of 0.92.

About Jubilee Metals Group

Jubilee Metals Group Plc (JLP) is an international and diversified metals producer listed on AIM and Alt-X. The company is focused on the treatment of both surface tailings materials and primary mineral ore generated from 3rd party mining operations. Led by an experienced team with the ability to design, build and execute environmentally conscious metals recovery solutions, Jubilee has a well-developed strategy to widen geographic and metals exposure driven by rising environmental obligations.

Jubilee Metals has an established multi project portfolio providing exposure to a broad commodity basket including Platinum Group Metals (‘PGMs’), chrome, copper, lead, zinc, vanadium and cobalt.